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16 October 2024 | 6 replies
This can be beneficial for a few reasons:Separation of Personal and Business Assets: Moving the property under your LLC’s umbrella through a DSCR loan will allow you to separate your personal liabilities from your business assets, which is crucial as your portfolio grows.
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13 October 2024 | 24 replies
Covers the building, $1M/$2M commercial general liability and loss of income.It does not have some of the bells and whistles that an STR specialty policy like Proper has, like coverage for liquor and off-premise liability.
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17 October 2024 | 9 replies
Even Robert Kiyosaki calls a primary residence a liability, but we all need a place to hang our hat, right?
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17 October 2024 | 14 replies
So I waltzed into AAA and got it for 2k again and since I have a basement ( pretty rare here for new construction ) I got bigger liability for a sump pump failure than the old policy..
17 October 2024 | 15 replies
Earlier this year, the government did not renew or pass any law to extend bonus depreciation back to 100% after 2027, so the current phase-out schedule remains in place.In the meantime, I would recommend doing some tax planning to assess where you stand in terms of projected tax liability for 2024.
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16 October 2024 | 5 replies
I’ve read enough to know that acquiring the LLC is a bad idea due to: unknown liabilities; tax liens and debts; loss of depreciation that has already been taken, and probably other reasons too.
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15 October 2024 | 24 replies
In my state (PA) a tree falling and causing damage to someone else's property only creates liability for the owner of the tree if the tree was known to be in poor condition or if the owner should have known it was in poor condition.
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12 October 2024 | 2 replies
Are there any other considerations to ensure appropriate liability protection in this arrangement?
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15 October 2024 | 2 replies
Placing properties in an LLC can offer liability protection but consult a professional first.
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12 October 2024 | 7 replies
Most investors who form Wyoming LLC's do so with the belief anonymity= liability protection.